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Elon Musk’s X to offer investment and trading in ‘super app’ push
Elon Musk’s company aims to expand its platform by integrating financial tools such as payment cards, potentially increasing user engagement and creating new revenue streams within...
Read Full Article →BoE holds rates at 4.25% amid Middle East uncertainty
The Bank of England's decision to maintain interest rates reflects ongoing economic concerns, as persistent inflation pressures continue to influence monetary policy amid global ge...
Read Full Article →US weighs risks of Iranian retaliation
Experts suggest that potential actions from Iran may impact US military personnel overseas, global energy markets, and cybersecurity, thereby posing economic challenges and uncerta...
Read Full Article →UK rebuffs Thames Water creditor demands as administration looms
Creditors’ ability to support the utility depends on regulatory leniency and reduced penalties, affecting its financial stability as it faces potential insolvency in the near futur...
Read Full Article →Swiss central bank cuts rates to zero
The Swiss central bank's decision to reduce interest rates to zero reflects challenges in managing economic stability due to currency appreciation and external trade tensions impac...
Read Full Article →Russia on brink of recession, says economy minister
Persistent inflation and the central bank's strict measures have led to economic deceleration, signaling potential negative impacts on national income and investment levels in Russ...
Read Full Article →Tanker rates double as shipowners steer clear of Strait of Hormuz
The expense of hiring crude oil vessels for routes from the Gulf to China has substantially increased due to increased avoidance of the Strait of Hormuz by shipping companies follo...
Read Full Article →Biofuel prices jump as Israel-Iran conflict drives hunt for oil alternatives
Rising geopolitical tensions in the Middle East have heightened demand for alternative energy sources, leading to increased prices for biofuels like soybean and palm oil amid evolv...
Read Full Article →Scottish Widows to slash UK equity exposure
Scottish Widows' decision to reduce its holdings in UK stocks reflects a strategic financial adjustment that may impact investment flows amid government efforts to encourage suppor...
Read Full Article →Non-doms’ retreat hits London’s prime housing market
A decline in purchases by affluent overseas individuals is contributing to reduced demand and softer prices in the high-end property sector of London.
Read Full Article →Foreign Treasury holdings remain near record high despite tariff turmoil
Despite a minor decline in April, international investors continue to maintain substantial investments in US government debt, underscoring its ongoing importance in global financia...
Read Full Article →Microsoft prepared to walk away from high-stakes OpenAI talks
Microsoft’s consideration to potentially exit discussions with OpenAI highlights the substantial financial impact and strategic adjustments involved as the AI company transitions i...
Read Full Article →US housing construction falls to 5-year low as tariffs weigh on sector
The recent decline in residential building activity highlights potential economic challenges, potentially influencing monetary authorities' upcoming choices regarding borrowing cos...
Read Full Article →Donald Trump calls for huge rate cuts and says Fed chief is ‘stupid’
The president’s criticism of the Federal Reserve chair and demand for substantial interest rate reductions highlights tensions that could influence upcoming monetary policy and imp...
Read Full Article →British surgical robots should operate around the world
CMR Surgical’s advanced robotic technology has the potential to generate substantial revenue and transform healthcare markets internationally if supported by strong global expansio...
Read Full Article →UK inflation was 3.4% in May
The recent inflation data indicating a 3.4% increase in the UK supports predictions that the Bank of England may maintain its current interest rate to balance economic stability.
Read Full Article →Oil trades at four-month high as Israel-Iran conflict enters sixth day
The recent escalation in the Israel-Iran situation has contributed to a notable increase in oil prices, influencing global markets and potentially affecting energy-related expenses...
Read Full Article →Amazon boss says AI will mean fewer ‘corporate’ jobs
Amazon’s leadership indicates that advancements in artificial intelligence may lead to a reduction in administrative positions within the company over the upcoming years, impacting...
Read Full Article →Visual analysis: GPS interference raises risk of accidents in Strait of Hormuz
The disruption of navigation signals near a strategic maritime route may lead to increased operational costs and insurance premiums for shipping companies due to heightened safety...
Read Full Article →Rolls-Royce calls for government to back plans for new engine
The company’s request highlights the potential economic impact of government involvement in advancing innovative manufacturing projects that could strengthen key sectors within the...
Read Full Article →Musk’s xAI nears $9.3bn equity and debt deal
Despite recent personal controversies, the impending $9.3 billion financing arrangement for Musk's xAI highlights continued strong investor confidence and significant capital inflo...
Read Full Article →Global oil supplies forecast to outstrip demand this year despite Middle East war
The International Energy Agency projects an increase in oil production next year that could exceed consumption, potentially influencing market prices and economic stability worldwi...
Read Full Article →Trump signs executive order to implement US-UK trade deal
The new executive order aims to enhance trade relations between the US and UK, potentially accelerating advantages for automotive and aerospace sectors while leaving some uncertain...
Read Full Article →Sabadell explores sale of UK high street bank TSB
Sabadell is considering offers for its British banking division as part of a strategy to strengthen its financial position and prevent an unwanted acquisition by another major Span...
Read Full Article →Oil price falls back as flow of crude through Strait of Hormuz unaffected
Despite rising tensions between Israel and Iran, the uninterrupted crude shipments through the Strait of Hormuz have led to a decline in oil prices, reflecting market confidence in...
Read Full Article →Israel-Iran tensions test central banks’ appetite for rate cuts
Rising geopolitical conflicts in the Middle East are expected to influence monetary policy decisions, potentially leading central banks like the Federal Reserve and Bank of England...
Read Full Article →Meta introduces advertising to WhatsApp in push for new revenues
Meta’s decision to incorporate advertisements within WhatsApp marks a strategic effort to diversify its income streams by monetizing the platform’s extensive global user base.
Read Full Article →Carney’s trial by G7 summit as ‘Godzilla’ comes to Canada
The G7 summit in Alberta highlights the economic challenges faced by Canada, including the impact of U.S. tariffs and increasing geopolitical tensions in the Middle East affecting...
Read Full Article →The fallout from Israel’s strikes on Iranian energy sites
Disruptions to Iran's oil and gas facilities have the potential to increase volatility in global energy prices and impact economic stability in affected regions.
Read Full Article →Why Saudi Arabia raised oil output before Israel’s attack on Iran
Saudi Arabia increased its oil production ahead of regional tensions, influenced by internal cartel dynamics and external diplomatic pressures, which had notable impacts on global...
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